anti-ransoware software

Travelex Hit with Powerful Sodinokibi Ransomware Attack

Sodinokibi ransomware cripples Travelex currency exchange

While most of the world was readying their New Years' Eve celebrations, Travelex was facing a devastating ransomware attack. In the early hours of December 31, the FinabIr-owned foreign exchange company was hit with Sodinokibi, a powerful ransomware strain that rendered Travelex websites in 20 countries inaccessible and left its airport outlets without access to the internet or email. 

Travelex IT teams have been working since New Year’s Eve to restore the affected systems and isolate the virus. Travelex has declined to comment on whether it will pay the ransom but, either way, this is not a good look for Travelex.

What is Ransomware?

What is Ransomware

If you don’t know what ransomware is, read on. You’re in danger of losing all of the files on your computer. Ransomware is a small piece of criminal software that highjacks your computer by encrypting your files, denying you access to them, and then demands online payment for their release. It’s one of the most shameless forms of cyber extortion, and in some cases, actual blackmail.

The threat is very real. If you use email, browse websites, spend time on social networks, connect to local networks (at work, at home, or in public spaces), or use removable USB drives, whether on a desktop, laptop, smartphone or tablet, you are always a click or two away from a ransomware infiltration. Don’t be a victim. Outsmart cyber-criminals with a few simple steps. It’s easy, but only if you know what to look for.